Persistent Asset Partners Ltd purchased a new position in AXT Inc (NASDAQ:AXTI – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 307,611 shares of the semiconductor company’s stock, valued at approximately $5,029,000. AXT accounts for 2.3% of Persistent Asset Partners Ltd’s investment portfolio, making the stock its 6th largest position. Persistent Asset Partners Ltd owned approximately 0.56% of AXT as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of AXT in the second quarter worth $42,000. Jefferies Financial Group Inc. bought a new position in shares of AXT in the third quarter worth $52,000. State of Wyoming bought a new position in shares of AXT in the fourth quarter worth $69,000. Creative Planning bought a new position in shares of AXT in the second quarter worth $86,000. Finally, Kestra Advisory Services LLC bought a new position in shares of AXT in the fourth quarter worth $98,000. Institutional investors own 49.52% of the company’s stock.
Analyst Ratings Changes
AXTI has been the topic of a number of recent analyst reports. B. Riley Financial lifted their target price on AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Wedbush boosted their target price on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Finally, UBS Group set a $35.00 target price on AXT in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, AXT has an average rating of “Hold” and a consensus target price of $43.80.
AXT Trading Down 16.0%
Shares of NASDAQ AXTI opened at $93.04 on Wednesday. The company has a market cap of $6.09 billion, a price-to-earnings ratio of -300.12 and a beta of 1.80. AXT Inc has a 12 month low of $1.80 and a 12 month high of $143.16. The stock has a 50-day moving average price of $94.46 and a two-hundred day moving average price of $51.44.
AXT (NASDAQ:AXTI – Get Free Report) last issued its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. The firm had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, sell-side analysts predict that AXT Inc will post 0.2 earnings per share for the current year.
Insider Activity
In other news, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the sale, the director directly owned 56,447 shares in the company, valued at approximately $5,405,929.19. The trade was a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the sale, the chief executive officer owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 237,131 shares of company stock worth $26,152,036. Company insiders own 5.97% of the company’s stock.
AXT Company Profile
AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.
AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.
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